In recent years, the objective of monetary policy in India has been two-fold. It has to facilitate the flow of an adequate volume of bank credit to industry, agriculture and trade to meet their genuine needs and provide selective encouragement to sectors which stand in need of special assistance such as the weaker sections of the community and the neglected sectors and areas in the country.
Investors are keenly awaiting the outcome of the Reserve Bank of India’s repo rate decision in its first monetary policy committee meeting which is scheduled to be announced later at 2:30 pm today.
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The Reserve Bank of India (RBI) kept its main lending rate viz. the repo rate unchanged at 7.75% after a monetary policy review on Wednesday, 18 December 2013, contrary to market expectations of a 25 basis point increase. The central bank said its decision to keep the repo rate unchanged was a close call.
Economic development in India has had a varying effect on women depending on their age, education, and location. Traditionally in India women’s role is in the household. As girls they are raised to work for and better their family. Their work, therefore, mostly consists of household duties and is not a part of the formal economy.
Not only that, some reports suggest that Tuesday’s policy may be last policy with Rajan’s stamp on it. Some experts expect the new monetary policy. Economist at Dun & Bradstreet India. “Banking.
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11 days ago · When it comes to a central bank-issued digital currency, there is a loose consensus, especially among monetary economists from the New Monetary School, that there is.
Suitable monetary and fiscal measures can hasten the rebound The focus of the government as well as policy. India?’, Harendra Behera and Saurabh Sharma establish the presence of financial cycles in.
· Interest rates are on a downhill for quite some time now. State Bank of India the biggest lender, has slashed its one to two year deposit rates further by up to 40 basis points. Now the one year.
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